M&A

Poseidon deal on the rocks

US firm Black Mountain Metals is planning to terminate a planned takeover for Poseidon Nickel after the company entered a trading halt over a capital raising.

Poseidon's Black Swan plant

Poseidon's Black Swan plant

Poseidon announced on Friday that BMM, a subsidiary of Texas-based private equity firm Black Mountain, had made a binding A6c per share takeover proposal for the company. The offer price represented...

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